ARTICLE 5.
DISSOLUTION AND TERMINATION
Section 5.1 Dissolution. The Joint Venture shall be deemed dissolved upon the occurrence of any of the following events:
5.1.1. The sale or complete disposition of the Joint -+++Venture's assets and the Property;
5.1.2 The agreement of the Partners;
5.1.3 The election of a Remaining Partner to dissolve and terminate the Joint Venture in the event of the Remaining Partner (i) objects to a proposed sale and declines to purchase the Selling Partner's Interest as provided in Section 4.3 or (ii) declines to purchase the withdrawing Partner's Interest pursuant to Section 4.4; or
5.1.4 The death or incompetence of any Partner.
Section 5.2 Termination. Upon dissolution for the reasons stated in Section 5.1.1, 5.1.2, or 5.1.3, the Joint Venture shall terminate and be wound up. The Joint Venture property shall thereupon be sold (and any Partner may be a purchaser of all or
any portion thereof), its liabilities paid or provided for, and the remaining assets distributed to and among the Partners pro rata in accordance with their capital accounts, without undue
delay. Any remaining profits shall be distributed pro rata in accordance with the Partners' capital accounts as they stood prior to the making of the distribution required under terms of the preceding sentence. Neither the dissolution nor termination of the Joint Venture, however, shall affect the rights of any purchaser of a Partner's interest in the Property.
ARTICLE 6.
GENERAL
Section 6.1 Notices. Any notices or demands permitted or required hereunder shall be in writing sent by certified or registered mail, postage prepaid, addressed to each party at the address set forth below:
ARTICLE 5.
DISSOLUTION AND TERMINATION
Section 5.1 Dissolution. The Joint Venture shall be deemed dissolved upon the occurrence of any of the following events:
5.1.1. The sale or complete disposition of the Joint -+++Venture's assets and the Property;
5.1.2 The agreement of the Partners;
5.1.3 The election of a Remaining Partner to dissolve and terminate the Joint Venture in the event of the Remaining Partner (i) objects to a proposed sale and declines to purchase the Selling Partner's Interest as provided in Section 4.3 or (ii) declines to purchase the withdrawing Partner's Interest pursuant to Section 4.4; or
5.1.4 The death or incompetence of any Partner.
Section 5.2 Termination. Upon dissolution for the reasons stated in Section 5.1.1, 5.1.2, or 5.1.3, the Joint Venture shall terminate and be wound up. The Joint Venture property shall thereupon be sold (and any Partner may be a purchaser of all or
any portion thereof), its liabilities paid or provided for, and the remaining assets distributed to and among the Partners pro rata in accordance with their capital accounts, without undue
delay. Any remaining profits shall be distributed pro rata in accordance with the Partners' capital accounts as they stood prior to the making of the distribution required under terms of the preceding sentence. Neither the dissolution nor termination of the Joint Venture, however, shall affect the rights of any purchaser of a Partner's interest in the Property.
ARTICLE 6.
GENERAL
Section 6.1 Notices. Any notices or demands permitted or required hereunder shall be in writing sent by certified or registered mail, postage prepaid, addressed to each party at the address set forth below:
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